Global 5G Infrastructure Market Analysis Report

DELTA, British Columbia - Nov. 23, 2020 - PRLog -- The Global 5G Infrastructure market is growing at an astronomical rate owing to the factors such as increase in mobile traffic, rising investments by the communication service providers (CSPs) in 5G technology, and burgeoning demand for 5G services in end-user industries such as automotive, consumer electronics, and energy & power. Besides these, escalating funding toward the implementation of virtual networking architecture in telecommunications, coupled with growing R&D activities in 5G technology, and increase in 5G infrastructure equipment projected in both developed and developing countries are anticipated to lead to lucrative opportunities for the growth of 5G infrastructure in the forecast period.

According to MarkNtel Advisors' research report titled "Global 5G Infrastructure Market Analysis, 2020", the Global 5G Infrastructure market is anticipated to grow at a CAGR of around 65% during 2021-26F. Based on Application, Automotive is expected to grow at a highest CAGR by 2025. The rising trend of fifth-generation wireless technology in connected cars to help keep traffic moving smoothly and improve road safety, extensive investment in autonomous driving, and robust growth of 5G-connected IoT solutions in the automotive space. Moreover, advancement of 5G in the automotive space for connected car modules for commercial and consumer vehicles, and growing government inclination to build highways for connected cars due to rising environmental pollution, increase in road accidents, and the excessive time spent in traffic jams are anticipated to fuel the growth of the segment in the forthcoming timeline.

"Global 5G Infrastructure Market Analysis, 2020" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for 5G Infrastructure providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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